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to be tweaked the way it was by ronald reagan and democratic speaker tip o'neil. but the basic structure is sound. but i want to talk about the values behind social security and medicare. and then talk about medicare because that's the big driver of our deficits right now. my grandmother some of you know helped to raise me. my grandfather died awhile back. my grandmother died three days before i was elected president. she was fiercely independent. she started as a secretary, ended up being the vice president of a local bank. and she ended up living alone by choice. and the reason she could be independent was because of social security and medicare. she had worked all her life, put in this money, and understood that there was a basic guarantee a floor under which she could not go. that's the perspective i bring when i think about what's called entitlements. you know, the name itself implies some sense of dependency on the part of these folks. these are folks who have worked hard. like my grandmother. and there are millions of people out there counting on this. so my approach is to say how
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